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Preforeclosure Homes in Lenox, IA

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Lenox, IA Foreclosures

How much do homes sell for in Lenox, IA?
The average home price is currently $185,750.
In Lenox, IA, how many homes are available?
There are currently 4 active home listings available in Lenox.
What’s the average rental cost in Lenox, IA?
The average rental price in Lenox is $1,070.
What is the most expensive home in Lenox?
The most expensive home sold in Lenox had a price of $1,371,600.
What is currently the cheapest priced home in Lenox, IA?
The cheapest home for sale in Lenox is priced at $10,771.

Living in Lenox, IA

Lenox, Iowa is a charming small town that combines a friendly community atmosphere with a rich rural lifestyle. Known for its excellent schools and beautiful outdoor spaces, it is an ideal choice for families looking for a peaceful environment. The town features a variety of local amenities and hosts community events throughout the year, promoting a strong sense of belonging among its residents.

Current Market Conditions in Lenox, IA

The real estate market in Lenox is currently favorable for both buyers and sellers. Home prices have appreciated steadily over the past year, thanks to the community's appealing lifestyle and proximity to larger urban areas. Inventory levels have started to stabilize, providing a mix of options for prospective homeowners looking for affordable properties as well as more upscale residences.

There has been a noticeable increase in demand for homes in Lenox, especially among families and retirees seeking a quiet and safe environment. The town's affordability compared to nearby cities has attracted many to consider it as their next home, contributing to rising home values and the overall market health.

Home Value Estimator For Lenox, IA

There are currently 715 real estate properties in Lenox, IA, with a median automated valuation model (AVM) price of $147,959.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lenox, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lenox, IA, is $185,750.00, with the most expensive house in Lenox, IA, topping out at $1,371,600.00 and the cheapest home in Lenox, IA, clocking in at $10,771.00. In other words, there’s something for every potential homebuyer or savvy investor in Lenox, IA!

Rent Prices In Lenox, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lenox, IA, is on a rollercoaster ride. The average rent price in Lenox, IA, is $1,070.00. Indeed, when looking to rent in Lenox, IA, you can expect to pay as little as $720.00 or as much as $1,960.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Lenox, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lenox, IA Preforeclosure Homes


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